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Why are people investing in bitcoin today, when it's trading around $1,000 (at this writing), even though it's been around since 2008, when it cost less than 10 cents?
The new, rapidly growing popularity of investing in bitcoin can be explained by the actions of one group: The U.S. Federal Reserve.
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Today's stock market news, February 6, 2014: U.S. stocks rebounded from intraday lows on Wednesday. The Dow Jones Industrial Average remained steady, finishing at 15,440, while the Nasdaq fell 0.5% to 4,011. The S&P 500 slipped 0.2% to 1,751.
U.S. stock futures were up Thursday prior to jobless claims data. According to the Challenger Job-Cut Report, the U.S. economy had 45,107 planned full-time job cuts in January, up 12% year-over-year. The heaviest cuts occurred in the retail sector, as consumers continue to shift toward online channels.
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LinkedIn Corp. (NYSE: LNKD) stock dipped as much as 12.5% in after-hours trading today (Thursday) after the company announced weaker 2014 guidance figures than most analysts expected.
LNKD is projecting revenue between $455 million and $460 million for the first quarter of 2014. That's well below analysts' estimates of $470 million.
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A few weeks back, Goldcorp Inc. (NYSE: GG), a top gold producer, made a hostile $2.6 billion offer for Osisko Mining Corp (TSE: OSK).
It was one of many signs that top gold producers are on the acquisition trail.
It was also a sign of where to find the gold profits today...
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The stock market sell-off has made for a rough start to 2014 – and February could bring more of the same.
The S&P 500 Index fell by 3.56% in January, its worst monthly drop since May 2012, and was off to its worst start in February since 1933. The Dow Jones Industrial Average plunged more than 300 points on Monday, Feb. 3, and had its worst start since 1982. And the Nasdaq Composite Index started the month down 106 points, or 2.61%.
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by David Zeiler
After a strong 2013, General Motors Company (NYSE: GM) stock has slumped so far this year and could use an earnings beat when it announces results Thursday morning before the markets open.
Analyst expectations for General Motors earnings per share (EPS) have slipped from $0.90 three months ago to $0.87 now, which is partly responsible for the 13.5% slide in GM stock so far this year.
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by Diane Alter
IPO Calendar 2014: This year is forecast to be a record year for initial public offerings (IPOs).
Over the January to March period, some 250 to 300 new issues will launch, according to professional services firm EY – a number not seen since the start of the 2008 financial crisis.
And biotech companies are the hottest issues to date.
Since 2000, no two-week period saw more than six new biotech issues – until now.
See which biotech IPOs could be the best investments now...
by David Zeiler
Investing in Bitcoin isn't as easy as investing in stocks – right now.
But the arrival of the Winklevoss Bitcoin ETF – an exchange-traded fund developed by twins Cameron and Tyler Winklevoss – will change that.
by Tara Clarke
Twitter (NYSE: TWTR) stock is trading 158% higher than its $26 IPO price – but that bull run could be over after today's earnings.
After market close, TWTR will report its first-ever earnings as a publicly traded company. Wall Street forecasts Twitter will lose $0.02 per share on $217.8 million in sales in its Q4 2014 report. Full-year estimates call for an earnings per share (EPS) loss of $0.19 on revenue of $639.39 million.
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by Tara Clarke
The growing threat of cyber attacks is corporations' biggest concern in 2014 – but it could also be your biggest profit opportunity.
Even when broader markets fell in January, cybersecurity stocks delivered double-digit gains. FireEye Inc. (Nasdaq: FEYE) surged a whopping 67%, KEYW Holding Corp. (Nasdaq: KEYW) climbed 19%, and Imperva Inc. (NYSE: IMPV) rose 14% in the year's first month.
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